Congress finally has a blueprint to stop China’s online scams
The Hill | Last year, Americans lost over $10 billion to sophisticated online scamming operations run out of Southeast Asia. These scams and fraud activities are one of the largest forms of financial crime affecting Americans.
Last week, the Department of Justice seized $15 billion in Bitcoin from the Cambodia-based “forced labor scam compound,” Prince Holding Group. These compounds rely on hundreds of thousands of human-trafficking victims from nearly 80 countries.
In a new opinion piece, Jacob Sims, Erin West, and Jason Tower outline:
The significance of the indictment of Chen Zhi
The threat of industrialized fraud run by transnational organized crime
The urgent need for a comprehensive national anti-fraud strategy to protect Americans and national security
What action people can take to support the fight against these crimes
Jacob Sims is a fellow at the Harvard University Asia Center. Erin West is the founder and CEO of Operation Shamrock. Jason Tower is a visiting fellow at Chulalongkorn University in Bangkok.
Full article: Congress finally has a blueprint to stop China’s online scams
